As a joint venture between BYD and Mercedes-Benz, Denza will deliver the N7 in mid-July. Next, Denza will launch another SUV Denza N8.
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BYD to build industrial complex with three plants in Brazil
BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) will invest hundreds of millions of dollars in Brazil to build an industrial complex as it steps up its efforts to expand in international markets.
The Chinese new energy vehicle (NEV) maker will set up a large production base complex of three plants in Brazil, BYD and the Brazilian state government of Bahia jointly announced on July 4, according to a statement.
The facility is located in the Brazilian city of Camacari, with a total investment of 3 billion reais ($620 million), according to a statement from BYD today.
The industrial complex includes a production plant for electric buses and truck chassis, a new energy passenger car production plant, and a processing plant specializing in lithium iron phosphate (LFP) battery materials.
The new energy passenger car production line will be able to produce pure electric and plug-in hybrid models with a planned annual capacity of 150,000 units.
The LFP battery material processing plant will utilize local port resources to meet the growing demand for new energy products in the global market, BYD said.
The industrial complex is scheduled to start production in the second half of 2024 and is expected to create more than 5,000 local jobs, according to the BYD statement.
The creation of a large production base complex in Brazil is an important milestone in BYD's development in the Americas market and will help accelerate the penetration of NEVs there, said BYD Americas president Stella Li.
In October 2022, BYD signed a letter of intent with the Bahia state government to build a vehicle production facility in the industrial area left behind by Ford after it closed its plant outside the city's capital, El Salvador.
The Bahia state government said at the time that BYD would build electric bus and truck chassis, as well as electric and hybrid cars, at three plants, and would also process Brazilian lithium for car battery exports to China.
"We have been in Brazil for almost 10 years. We have experienced many political changes in this period, in addition to exchange rate fluctuations, and inflation. But I think that in the long term, Brazil has its own advantages," Li said at the time.
BYD is now bringing its passenger cars to international markets, launching the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.
In addition to NEVs, BYD is already producing photovoltaic modules in Brazil.
On October 21, 2022, the company announced that BYD Energy Brazil's cumulative production of PV modules surpassed 2 million, after five years of local operations.
Last April, BYD opened a new PV module production line at its Campinas, Brazil, plant that is compatible with all sizes of PV cells currently on the market, allowing for increased productivity and efficiency.
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BYD launches Dolphin in Brazil, enters South African EV market with Atto 3
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Denza N7 gets 11,687 firm orders in 24 hours after launch
Denza officially launched the Denza N7 on July 3, targeting the market where Tesla Model Y is located with a starting price of RMB 301,800.
(Image credit: CnEVPost)
The first SUV model of BYD's premium new energy vehicle (NEV) brand Denza seems to have gained good initial acceptance.
The Denza N7 SUV received 11,687 firm orders 24 hours after its official launch, Denza announced on Weibo late yesterday night.
Denza is a joint venture between BYD and Mercedes-Benz, each holding a 50 percent stake at the time of its inception. BYD increased its stake in Denza to 90 percent last year.
The brand officially launched the Denza N7, its second model since rebranding, at a launch event in Beijing on July 3, with a starting price of RMB 301,800 ($44,220) aimed at the market where the Tesla Model Y is located.
Prior to the launch of the N7, Denza was offering only the D9, an MPV that went on sale in August 2022 and was officially delivered in October last year.
The Denza N7 is a 5-seat mid-size SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm, respectively, and a wheelbase of 2,940 mm.
For comparison, the Tesla Model Y is slightly smaller, measuring 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.
The Model Y is currently offered in three versions in China with starting prices of RMB 263,900, RMB 313,900 and RMB 363,900 respectively. The Tesla model was the best-selling SUV in China from January to May.
The Denza website currently shows four versions of the N7 with starting prices of RMB 319,800, RMB 339,800, RMB 349,800 and RMB 379,800 respectively.
All four versions are equipped with DiSus-A, an intelligent air body control system, which was unveiled by BYD on April 10 and is similar to the air suspension currently used in many high-end vehicles.
Customers who do not need the system reduce the price of the vehicle by RMB 18,000, resulting in these two Air versions priced at RMB 301,800 and RMB 321,800.
On the first day of the Shanghai auto show on April 18, Denza started pre-sales for the N7, although pricing information had not been released at that time.
In early June, Zhao Changjiang, general manager of Denza's sales division, said the Denza N7 had over 20,000 pre-orders before specifications and pricing were announced, and that 55 percent of these order holders were owners of luxury brands including Mercedes-Benz, BMW and Audi, and 35 percent were existing owners of BYD and Denza.
The Denza N7 opened for test drives on July 4 and deliveries are set to begin in mid-July.
In June, Denza delivered 11,058 vehicles, the fourth consecutive month to exceed the 10,000-unit mark, according to BYD data released on July 2.
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Denza launches N7 SUV to take on Tesla Model Y as brand gains momentum
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Nio opens innovation center in Berlin to boost local R&D of software
Berlin innovation center will help Nio's electric vehicles get smarter in Europe and worldwide, the company said.
(Image credit: Nio)
Nio (NYSE: NIO) has opened an innovation center in Berlin, Germany, as the Chinese electric vehicle (EV) company ramps up its European presence.
The innovation center, which officially opened on July 4, is located at Rotherstraβe 19, 10245 Berlin and covers 1,500 square meters, according to an announcement posted yesterday on Nio's mobile app for Europe.
This is the first Nio R&D center in Europe, and five different teams will work on software development for Nio products and technologies from now on, according to the announcement. The company has a global design center in Munich.
The innovation center is also responsible for localization and software testing, with focus areas including autonomous driving, digital systems, digital architecture, digital cockpit, user experience, user interface and in-car voice assistance system NOMI, according to Nio's announcement.
The new innovation center in Berlin complements existing software development centers in Beijing and San Jose, where Nio has developed about 50 percent of its software.
The innovation center's development team consists of more than 25 employees from 11 different countries, Nio said. Late last month, the company said Nio employs more than 1,300 people in Europe, most of them located in Germany.
The innovation center in Berlin will also serve as a research and development center for Nio Power and as an operations control center for all European battery swap stations, Nio said.
Nio is bringing its entire service system from China to Europe, including the iconic battery swap stations. As of June 30, Nio had 18 battery swap stations in Europe.
On September 16, 2022, Nio announced that its Nio Power Europe Plant in Budapest, Hungary, saw the first battery swap station roll off the assembly line.
The Berlin innovation center location was specifically chosen to attract Europe's top talent in software development, machine learning, artificial intelligence and voice systems.
With Nio's smart technology and the Berlin innovation center, the company's EVs will become smarter not only in Europe, but also worldwide, said Zhang Hui, vice president of Nio Europe.
Users can give feedback to NOMI directly from inside the vehicle, and the Berlin innovation center will help better respond to the desires of German and European customers, Nio's announcement said.
Nio is strengthening its partnerships with local suppliers to deliver better infotainment systems.
In the video-on-demand space, Nio has expanded its partnerships with companies such as Spotify, Nvidia, Bosch and Qualcomm. With a software over-the-air update, Nio now welcomes ScreenHits as a video-on-demand technology for European users, it said.
ScreenHits TV, a UK-based streaming provider, gives users in Europe access to video-on-demand content in 59 countries and 30 languages, according to Nio.
NIO's William Li attends high-level Sino-German meetings as Chinese Premier visits Europe
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Nio ES6 wait time gets longer, ES7, ET7, ET5 Touring gets shorter
Nio had sales of 4,100 units last week, up 28.13 percent from 3,200 units the week before.
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Nio's (NYSE: NIO) new ES6 has a slightly longer wait time in China, while the three other models are slightly shorter.
Customers locking in orders for the Nio ES6 are now expected to get deliveries in 3-6 weeks, slightly higher than the previous 3-4 weeks, information from the Nio App monitored by CnEVPost shows.
Nio officially launched the new ES6, its lowest-priced SUV, in China on May 24, with a current starting price of RMB 338,000 ($46,800), and its deliveries began on the night of the launch.
The last change in the Nio ES6 wait time was on June 26, when it went from about 5 weeks to 3-4 weeks.
Wait times for both the Nio ES7 SUV as well as the ET7 sedan both changed to 6-7 weeks today, slightly lower than the previous 6-8 weeks.
Nio launched the ES7 on June 15, 2022, with the first delivery on August 28, 2022.
The ES7 is Nio's second model based on the NT 2.0 platform after the ET7 sedan, and the first SUV on this second-generation platform, with a starting price of RMB 438,000 including battery.
Originally launched at the Nio Day 2020 event on January 9, 2021, the Nio ET7 is the company's first sedan, with deliveries beginning on March 28, 2022.
On the first day of the Shanghai auto show on April 18, Nio launched the 2023 ET7, with prices currently starting at RMB 428,000. Deliveries of the new ET7 began on May 19.
On June 26, the wait time for both the ES7 and ET7 went from about 3 weeks to 6-8 weeks.
The latest wait time for the ET5 Touring is about 3 weeks, slightly lower than the previous 3-4 weeks.
Nio officially launched the ET5 Touring in China on June 15 with the same price as the regular ET5, starting at RMB 298,000.
ET5 Touring deliveries in China started on June 15.
Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year, according to figures it announced on July 1.
Last week -- June 26 to July 2 -- Nio sold 4,100 units, up 28.13 percent from 3,200 units the week before, according to data shared by Li Auto (NASDAQ: LI) yesterday.
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Data table: Latest wait times for Nio models after Jul 5 changes
(Screenshots on July 5, 2023)
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GAC Aion’s Hyper brand launches Hyper GT sedan, offers battery swap-enabled version
The battery swap-enabled trim of the Hyper GT starts at RMB 239,900, which Hyper claims can replace the battery in as little as two minutes.
(Image credit: CnEVPost)
Hyper -- a new brand launched by GAC Aion last September -- has introduced the Hyper GT sedan, one version of which supports battery swap.
Hyper officially rolled out the Hyper GT in China on Monday, the brand's first production model and the 20 millionth new energy vehicle produced in China.
The Hyper GT is available in five versions with starting prices of RMB 219,900 ($30,370), RMB 245,900, RMB 239,900, RMB 259,900, and RMB 339,900 respectively.
The version with a starting price of RMB 239,900 supports battery swap, which Hyper claims can replace the battery in as little as two minutes.
Consumers can purchase the car using a battery rental model similar to Nio, which reduces the price of the car by RMB 70,000, and pay a monthly battery lease fee of RMB 980.
The Hyper GT is an all-electric mid-size sedan based on the new AEP 3.0 platform from GAC Group, of which GAC Aion is a subsidiary.
The model measures 4,880 mm in length, 1,885 mm in width and 1,455 mm in height, and has a wheelbase of 2,920 mm.
The Hyper GT is powered by a single electric motor with a maximum power of 250 kW and a peak torque of 434 Nm, and accelerates from 0 to 100 km/h in 4.9 seconds.
The two higher-priced versions of the car support 800 V high-voltage fast charging for a range of 450 km on a 15-minute charge. The model has a maximum range of 710 km.
The Hyper GT comes with the L2++ Adigo Pilot 4.0 intelligent driving system for all-weather, all-road city and highway kilometer assisted driving, Hyper said.
GAC Aion previously offered mainly the Aion series, targeting the mass market, such as the Aion S sedan with a price range of RMB 139,800 to RMB 172,800.
On September 15, 2022, the company unveiled its new premium brand Hyper, and its first model, the Hyper SSR supercar, to enter the higher end of the market.
GAC Aion is offering two versions of the Hyper SSR, with the regular version priced at RMB 1.286 million pre-sale and capable of accelerating from 0 to 100 km/h in 2.3 seconds.
The other version, Hyper SSR Ultimate, is priced at RMB 1,686,000 and can accelerate from 0 to 100 km/h in 1.9 seconds.
The model, the fastest accelerating car on the planet, will begin mass production and delivery in October 2023, GAC Aion said at the time.
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GAC Aion sells 45,013 vehicles in Jun, 4th straight month over 40,000
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BYD’s new brand Fang Cheng Bao names debut model Leopard 5
Leopard 5 is said to be equipped with BYD's new powertrain DM-o, which is expected to combine the technical advantages of DM-i and DM-p.
BYD's new sub-brand Fang Cheng Bao continues to warm up with the announcement of the official name of its first model.
Fang Cheng Bao's first model is named Leopard 5 ("豹5" in Chinese), the brand said today on Weibo.
BYD officially announced the name of its Fang Cheng Bao brand on June 9, the fifth in its brand matrix after the Dynasty series, Ocean series, Denza and Yangwang.
The Fang Cheng Bao brand name literally translates to "Formula" and "Leopard," symbolizing the pursuit of a transformative rise and exploration of the digital realm, BYD said.
BYD has previously used the code SF to refer to the first model of the new brand, saying it is a hardcore SUV expected to launch this year.
BYD has not provided pricing information on Fang Cheng Bao's first model in its previews over the past few months, though CnEVPost previously learned that the model will target a market priced between RMB 400,000 ($55,410) and RMB 600,000.
Xiong Tianbo, former head of BYD auto's sales research institute, will be the general manager of the brand's sales division, leading the brand's product planning, channel sales and brand building, a company insider previously told CnEVPost.
Rumors have recently surfaced that Fang Cheng Bao's first model will be equipped with BYD's DM-o powertrain, which will be the third BYD hybrid system in addition to DM-i and DM-p.
Currently about half of BYD's monthly sales are battery electric vehicles (BEVs) and the other half are plug-in hybrid vehicles (PHEVs).
Among the PHEVs, the DM-i focuses more on fuel economy, while the DM-p focuses more on performance.
The DM-o is expected to combine the technical advantages of the DM-i and DM-p, and can provide the vehicle with a total sum range of up to 1,200 km and a total powertrain power of up to 500 kW, according to recent reports in several local media.
BYD officially names F brand Fang Cheng Bao, initial model to be launched this year
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China NEV wholesale at about 740,000 in Jun, CPCA estimates show
In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.
China's wholesale sales of passenger new energy vehicles (NEVs) are expected to be 740,000 units in June, up 10 percent from May and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In May, the 12 manufacturers with more than 10,000 NEVs sold at wholesale contributed 82.8 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 611,000 units in June, and the normal structure would put China's June wholesale sales of passenger NEVs at around 740,000 units, the CPCA said.
In the January-June period, China's wholesale sales of passenger NEVs are expected to be 3.53 million units, up 44 percent from a year earlier, according to the report.
In China, NEVs include battery electric vehicles, plug-in hybrids and fuel cell vehicles.
China's passenger NEV market maintained strong growth in June, continuing May's trend with sales reaching an all-time high, the CPCA said.
With the launch of a large number of competitive new products and increased promotions in the second quarter, consumers' enthusiasm for buying was gradually released, the report said.
Manufacturers and dealers are actively carrying out various promotional activities to achieve their semi-annual targets, and coupled with local government subsidies, NEV retail sales continue to improve, the CPCA said.
Passenger vehicle sales in China are expected to be 23.5 million units in 2023, with 8.5 million units of NEVs sold and penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.
For the full year 2022, China's wholesale sales of passenger NEVs are expected to be 6.5 million units, up 96.3 percent year-on-year.
Here are the CPCA's June NEV wholesale sales figures for major automakers.
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Xpeng G6 received 40 pre-orders per store in first 72 hours after the launch in China
The Xpeng G6 was launched in China with a 755-km range and a starting price of 29,100 USD. In 72 hours, it attracted up to 11,520 pre-orders.
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Tesla sells record 93,680 China-made vehicles in Jun
In the second quarter, Tesla sold 247,217 China-made vehicles, contributing 53 percent of its global deliveries.
Tesla sold a record 93,680 China-made vehicles in June, surpassing the previous record of 88,869 vehicles in March, according to data released today by the China Passenger Car Association (CPCA).
That's up 18.72 percent from 78,906 vehicles in the same period last year and up 20.57 percent from 77,695 vehicles in May.
In the second quarter, Tesla sold 247,217 China-made vehicles, contributing 53 percent of the US electric vehicle (EV) maker's global deliveries, CnEVPost's calculations show.
Tesla reported on July 2 that it delivered 466,140 EVs globally in the second quarter, up 83.02 percent year-on-year and up 10.23 percent from 422,875 vehicles in the first quarter.
It was also a new record for Tesla's EV deliveries and higher than the 448,400 units expected by Wall Street analysts.
Tesla's cheaper Model 3 and Model Y delivered 446,915 units globally in the second quarter, above market expectations of 437,400 units, contributing 96 percent of deliveries. A total of 19,255 units of Model S and Model X were delivered, above expectations of 14,600 units.
In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. This is its largest factory in the world, with an annual capacity of about 1.1 million units per year.
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